Phillip C. Widman

PHILLIP C. WIDMAN was appointed Senior Vice President and Chief
Financial Officer of Terex Corporation on September 16, 2002. Prior to
joining the company, Mr. Widman served as Executive Vice President,
Chief Financial Officer of Philip Services Corporation, an industrial
outsourcing and metal services company, from 1998 to 2001, and as an
independent consultant from 2001 to 2002. Prior to joining Philip
Services, Mr. Widman worked at Asea Brown Boveri Ltd. for 11 years in
various financial and operational capacities in the transportation,
power generation and power distribution businesses. During his last two
years at ABB, he served as Vice President, Chief Financial Officer and
Supply Management of its diverse businesses in the United States.
Additionally, Mr. Widman’s experience includes 12 years with Unisys
Corporation in a variety of financial roles. In his role as an officer
of Philip Services, Mr. Widman was an executive officer of approximately
125 US legal entities that filed for federal bankruptcy protection as
part of a restructuring of their outstanding debt obligations.